Morning Business News Round Up_SEPT 06, 2019

Morning Business News:

  • Sebi orders forensic audit of Sun Pharma’s books
  • Banks unlikely to trim lending rates despite new norms
  • Auto sector slowdown may wipe out a million jobs: SIAM
  • Reliance targets more retail acquisitions abroad
  • M&M defers Rs 1,000-cr CAPEX plan amid the slowdown
  • India to give $1bn line of credit for Russia’s the Far East
  • PNB board approves merger with OBC, United Bank
  • RBI deputy governor BP Kanungo fears the risk of dwindling bond supply
  • Discoms may be asked to pay 50% advance payments to power companies
  • Govt launches updated Credit linked Capital Subsidy Scheme for MSMEs
  • Aditya Birla Capital to raise Rs 2,100 crore from a promoter, PE firms
  • JSW gets NCLT nod to acquire Bhushan Power and Steel for Rs 19,700 crore

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  • PowerGrid declares ₹4,356-cr dividend
  • Indian auto industry growth story about to collapse: Tata Motors MD
  • Solar installations in the first half of 2019 at 3.2 GW, down 35 percent
  • India’s per capita water availability to decline further: ICAR
  • US Dept of Justice rejects Hindalco arm Novelis’ deal to buy Aleris
  • Dr. Reddy’s launches generic version of Zyban tablets in the US
  • Maruti Suzuki bats for a separate platform for making regulation on the auto industry
  • FinMin to meet heads of CPSEs for capital expenditure push
  • NCDRC directs Unitech to pay compensation to home buyers at 8% rate
  • ED issues show-cause notice to Amnesty Intl for FEMA violation of over ₹51 cr
  • Birla Estates enters Bengaluru market with two projects
  • Ashok Leyland sees demand-pull for MHCVs soon
  • Lenders optimistic of supporting the resolution plan: DHFL
  • Big firms grab most bank funds: Less than 1% of companies have 50% of bank loans
  • Import of 215 iron, steel items need compulsory registration under SIMS
  • Heavy foreign investment in the telecom sector; 25% of total FDI in India in Q1
  • Sensex rises over 100 points; oil and gas, metal stocks rally
  • Bajaj Finance plans $1 billion share sale
  • Hindalco bid to buy US aluminum firm Aleris faces the anti-trust hurdle
  • Gold imports drop 73 percent in August